2025-02-19 09:33:52 am | Source: Geojit Financial Services Ltd
Morning Market Quote : Largecaps Turn Attractive, But Market Weakness Persists Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Despite largecap valuations turning fair, and even attractive in segments like financials, the market continues to be weak. Seen in the context of new records being set by S&P 500 and Nasdaq, India’s underperformance is striking. News of Chinese authorities encouraging their top businessmen to invest is another headwind for India since Chinese stocks are cheap ( Hang Seng is trading at PE of 12.6) and may attract big inflows from FIIs, which means FIIs might continue selling in India. FIIs will start buying when the dollar depreciates and the US bond yields start coming down. This might take time. A strong fundamental factor that can turn FIIs into buyers is indication of earnings recovery in India. This is likely in early FY 2026. High frequency indicators might suggest a turnaround in growth and earrings soon."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Gold loans grow 4x in 3 years, ticket size doubles t...
Mining equipment maker Eimco Elecon's Q4 profit cras...
Demand for crude oil to see biggest quarterly slump ...
Global pharma giants escape US regulation while test...
EV charging fees to be discounted on weekends: South...
India's AI infrastructure buildup will bolster South...
India's passenger vehicle sales jump 16 pc in March
From 'pharmacy of world' to innovation hub: PM Naren...
Government notifies new rules on fees for overloaded...
India can absorb energy shock but fiscal strains pos...
